Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 86.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,673 shares of the industrial products company's stock after selling 53,501 shares during the quarter. Martingale Asset Management L P's holdings in Donaldson were worth $584,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of Donaldson by 94.5% in the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock valued at $185,000 after acquiring an additional 1,334 shares during the period. Granite Bay Wealth Management LLC acquired a new position in Donaldson in the fourth quarter valued at $943,000. JPMorgan Chase & Co. raised its holdings in shares of Donaldson by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock valued at $32,394,000 after buying an additional 23,758 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Donaldson by 38.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock worth $38,669,000 after buying an additional 158,487 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Donaldson by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock worth $62,000 after buying an additional 206 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Stock Performance

NYSE DCI traded up $0.31 on Friday, hitting $62.76. 492,334 shares of the company's stock were exchanged, compared to its average volume of 573,703. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 1.82 and a beta of 1.01. The firm's 50-day moving average price is $66.99 and its two-hundred day moving average price is $70.59.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $870.00 million for the quarter, compared to analysts' expectations of $908.32 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. On average, research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Thursday, February 13th. Donaldson's dividend payout ratio (DPR) is 31.58%.

Analyst Upgrades and Downgrades

DCI has been the subject of several analyst reports. Stifel Nicolaus reduced their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research note on Monday. StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $71.33.

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 29,500 shares of Donaldson stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares of the company's stock, valued at $1,951,929.26. The trade was a 51.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James Owens sold 18,700 shares of the business's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the sale, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 76,700 shares of company stock valued at $5,164,799 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.